Varun Beverages Limited (VBL) has announced an enhancement of its Corporate Guarantee on behalf of its wholly-owned subsidiary, Varun Beverages International DMCC (VBL DMCC), located in Dubai, United Arab Emirates. The guarantee has been increased from USD 27.50 Million to USD 49.50 Million.

This enhanced corporate guarantee is in favor of ICICI Bank Limited (acting through its DIFC Branch, Dubai) and serves to secure a credit facility extended to VBL DMCC. The guarantee is valid until June 30, 2027.

The company has confirmed that the promoter, promoter group, and group companies have no interest in this transaction, and it has been conducted at an arm's length. VBL has stated that this corporate guarantee has no impact on the listed entity.